NASDAQ listing would not be helpful IMO.
But a consolidation would be. At 10c the stock attracts punters who are hopeful for a 2-3c move which translates to a healthy percentage gain. Good luck to them, I am not critical, those who are good at it can do very well. But as a long term holder of NEU I'd prefer them elsewhere as they perpetuate a trading dynamic that IMO inhibits appreciation of the stock. I may be wrong but my observation is that a $1 stock is likely to be less of a plaything for traders than a 10c stock.
I think a 10:1 or even a 20:1 consolidation is the way to go. Any thoughts?
Zen
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Last
$14.05 |
Change
-0.510(3.50%) |
Mkt cap ! $1.795B | |||
| Open | High | Low | Value | Volume |
| $14.38 | $14.42 | $13.94 | $6.419M | 454.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $13.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.07 | 6644 | 4 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NEU (ASX) Chart |